Direct link to scholarships offered by  Govt. of India

List of Private NGOs offering scholarships

Hajj:

The Journey of a Lifetime

Click here for step by step Haj Guide

Ummid Assistant

Admissions open at AMU off campus centers Murshidabad and Malappuram (Kerala).

Welcome Guest! You are here: Home » Business & Economy

US stocks fall over concerns about European debt crisis

Tuesday November 30, 2010 07:11:44 AM, DPA

New York: US stocks fell Monday over concerns that the Irish bailout wouldn't stem the European debt crisis, tensions simmering on the Korean Peninsula and the release of thousands of secret US diplomatic cables by WikiLeaks.

"There seems to be plenty to bother the market," E. William Stone, chief investment strategist at PNC Wealth Management in Philadelphia, told Bloomberg news. "There's concern about the European financial crisis affecting healthier economies and the viability of the euro. This issue seems to be far from over."

European officials' hopes of quelling financial market concerns about the economic threat from the region's debt crisis with the Irish bailout were dashed Monday, with sharp falls in bourses and the euro.

This all came after frantic last-minute weekend negotiations to present details of the 85-billion-euro ($113-billion) package designed to help Ireland shore up investor confidence.

"The situation in Korea is hot and fluid," economist Robert Brusca of FAO Economics said in a research note, according to CNN Money. "The WikiLeaks data is very damaging to the US and to many of its important allies."

The blue-chip Dow Jones Industrial Average dropped 39.51 points, or 0.36 percent, to 11,052.49. The broader Standard and Poor's 500 index fell 1.64 points, or 0.14 percent, to 1,187.76. The technology-heavy Nasdaq Composite Index was down 9.34 points, or 0.37 percent, to 2,525.22.

The US currency rose against the euro to 76.24 euro cents from 75.49 euro cents Friday. The dollar gained against the Japanese currency to 84.27 yen from 84.06 yen.


 

 

 

 

 

 

  Bookmark and Share                                          Home | Top of the Page

Comment on this article

Name:
E-mail Address:
Write here...

News Pick

Ratan Tata goes to court against publication of Radia tapes

Tata group chairman Ratan Tata moved the Supreme Court Monday seeking judicial restraint on the publication of transcripts of phone intercepts of top corporate lobbyist Nira Radia with leading business, media and political  »

Jagan quits Congress with mother, also resigns as MP

Fourteen months after Y.S. Rajasekhara Reddy died in a helicopter crash, his son Y.S. Jaganmohan Reddy Monday resigned from the Congress and from parliament. Jagan's mother Vijayalakshmi also   »

Haryana grooms sporting talent for India's future

As athletes from Haryana make the country proud with their achievements in international events like the Commonwealth Games and the Asian Games, the state government has swiftly moved to groom a new crop  »

Delhi, Uttar Pradesh account for 67 percent human rights violations

Uttar Pradesh and Delhi - in that order - accounted for 67 percent of human rights violations registered by the National Human Rights Commission (NHRC) over the last one year, data   »

Israel 'consulted' with Egypt, Fatah before Gaza offensive

Israel consulted with Egypt and Palestinian President Mahmoud Abbas' Fatah party prior to launching its offensive against Hamas in the Gaza Strip at the end of 2008, classified US diplomatic cables unveiled Sunday  »

Khaleda Zia firm over strike despite losing apex court appeal

Bangladesh opposition leader Khaleda Zia, who lost an appeal before the Supreme Court Monday against her eviction from her Dhaka cantonment government house, persisted with her call for a general strike Tuesday   »

More Headlines

Sonia in Rae Bareli: Dalits and Muslims on agenda

Iran calls WikiLeaks documents worthless

Adult education programme can benefit from literacy drive

Khaleda Zia firm over strike despite losing apex court appeal

Parliament Deadlock: Speaker calls all party meet

Ratan Tata goes to court against publication of Radia tapes

Iranian nuclear scientist killed in a bomb attack

Haryana grooms sporting talent for India's future

Delhi, Uttar Pradesh account for 67 percent human rights violations

Jagan quits Congress with mother, also resigns as MP

Bangladesh apex court upholds Zia's eviction

Hacker attack crashes Wikileaks website

Israel 'consulted' with Egypt, Fatah before Gaza offensive

Wikileaks Expose: Arab countries urge US attack on Iran

China seeks six-party talks on Korea; Naval drills start

 

 

 

Top Stories

'No comment' - leaders bunker down under WikiLeaks deluge Governments around the world were struggling Monday to digest and react to the detail of more than 250,000 leaked US diplomatic documents    »

Wikileaks Expose: 'Arab neighbors' urge US attack on Iran

India kept out of key meet on Afghan 'to appease Pakistan', exposes WikiLeaks

WikiLeaks bares world leaders' personal details

 

Picture of the Day

President of India Mrs. Pratibha Devisingh Patil visited AAMAL, a non profit organisation to provide services and rehabilitation to disabled individuals & their families, at Damascus, in Syria on November 28, 2010. Syrian First Lady and Chairperson of AAMAL, Mrs. Asma Assad is also seen.

 

  Most Read

Parliament Deadlock: Speaker calls all party meet

Lok Sabha Speaker Meira Kumar has called a meeting of all political parties Tuesday in an effort to break the logjam in parliament over the opposition's demand for a joint parliamentary committee (JPC) probe into the 2G spectrum allocation of 2008.    »

Iranian nuclear scientist killed in a bomb attack

Assailants on motorcycles attached bombs to the cars of two nuclear scientists as they were driving to work in Tehran Monday, killing one and wounding the other, state media and officials said. Iran’s nuclear chief, Ali Akbar Salehi, said the man killed was involved in a major project at the  »

 
 

 
 
 
 
 
 
 

RSS  |  Contact us

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Religion

RSS

Scholarships

About us

International

Culture

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

 

Contact us

Business

Career

     

Education

       

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2010 Awaz Multimedia & Publications. All rights reserved.